Credit Review Express streamlines the credit review process and facilitates customized workflows based on each account’s level of risk. Using your business rules, Credit Review Express classifies accounts into risk categories to assign the level and frequency of review.
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About Credit Review Express
Credit Review Express is an interactive, data-driven module to streamline your credit review process. Input your business rules based on acceptable level of risk tolerance. Combined with PayNet AbsolutePD values, these rules are used to determine the loan review type (e.g. full review, medium review, or light review) for each account.
The module is structured to provide a high level overview and drill down for details. Beginning with the customizable management dashboard you can drill down to see key information and action items for each account.
Credit Review Express also promotes appropriate record-keeping to provide support for credit decisions. Documentation can be produced and stored for each borrower account. For example, the PayNet Credit Memo aggregates PayNet’s Credit History Report with borrower financials. A Diary function exists to keep a record of all the activity related to an account including credit decisions, action items, responsible party, and due dates. Finally, management reports can be produced to track portfolio performance over time and benchmark the portfolio compared to industry statistics.
To purchase Credit Review Express or to learn more about how it can benefit your credit review and portfolio management, contact us today.
Credit Review Express is beneficial to five functions in the lending process.
Streamlines the credit review process for less expensive and more frequent reviews.
Identifies higher risk accounts for more efficient allocation of staff.
Provides centralized tool for recording activity, tracking action steps and producing management reports.
Assigns probability of default to each borrower, stores supporting documentation, and produces management reports.